Indiabulls Real Estate — Delay in refund

Address:Mumbai City, Maharashtra

booest We booked a flat 44_408 in indiabulls green project phase 2 panvel in 2013. In last nov 2014, we got a mail from indiabulls stating this project is not approved. They gave 2 options, either to stay invested or exit and they will pay interest at 12% till nov 14. We decided to go with 2nd option ie exit with interest. We submitted all the papers. They received the papers on 15th dec 2014 and Assured to pay within 45 days. Now till date may 2015, we havent received our refund. they are not answering our call nor replying mail. Got 1 mail saying its taking time due to huge refund pressure. They are giving interest till only nov 14. Please help
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Hi Pooja,
I am in the same boat, but Im curious to know if they asked for original reciepts and documents for refund processing or photocopies. I am wary of giving away any original documents.

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